First Affirmative Financial Network
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 11, 2024), First Affirmative Financial Network reported 254 stock positions worth $135.7 million. Its top holding was Vanguard Intermediate-Term T (VGIT) at 6.7% of the portfolio, followed by SS SPDR P St Term TSY ETF (SPTS, 4.3%) and iShares ESG MSCI KLD 400 ETF (DSI, 3.0%). Compared with Q4 2023, it opened 18 new positions, sold out of 6, added to 132 and reduced 103. The biggest buy was Meta Platforms Class A (META, shares +2%) and the biggest sale iShares ESG MSCI KLD 400 ETF (DSI, shares −17%).
- Most Recent 13F
- Q1 2026
- Location
- COLORADO SPRINGS, CO
- CIK
- 0001656282
- Portfolio Value
- $135.7M (Q1 2024)
- SEC Filing
- 0001656282-24-000003 ↗ filed Apr 11, 2024
Holdings Value
Holdings 254 stocks · $135.7M
| VGIT Vanguard Intermediate-Term T | 6.74% | 156,074 | $9.1M | Add +1.0% |
| SPTS SS SPDR P St Term TSY ETF | 4.34% | 203,407 | $5.9M | Reduce -0.8% |
| DSI iShares ESG MSCI KLD 400 ETF | 3.02% | 40,635 | $4.1M | Reduce -16.8% |
| NVDA Nvidia Corp. | 2.88% | 4,322 | $3.9M | Reduce -3.8% |
| AAPL Apple Inc. | 2.78% | 21,997 | $3.8M | Add +8.4% |
| MSFT Microsoft Corp. | 2.27% | 7,331 | $3.1M | Reduce -0.7% |
| CGW Invesco S&P Global Water Ind | 1.59% | 38,912 | $2.2M | Reduce -0.7% |
| TBX Proshares Short 7-10 YR TSY | 1.17% | 54,263 | $1.6M | Reduce -2.2% |
| GOOGL Alphabet Inc. Class A | 1.15% | 10,364 | $1.6M | Add +1.1% |
| AMZN Amazon.com Inc. | 1.14% | 8,581 | $1.5M | Add +6.4% |
| ICLN iShares Global Clean Energy | 1.11% | 108,199 | $1.5M | Add +1.9% |
| EMNT PIMCO Enhcd St M-Active ESG | 1.10% | 15,196 | $1.5M | Reduce -2.3% |
| META Meta Platforms Inc. Class A | 0.99% | 2,754 | $1.3M | Add +2.4% |
| MA Mastercard Inc. Class A | 0.96% | 2,704 | $1.3M | Add +0.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.91% | 9,095 | $1.2M | Reduce -3.7% |
| AMAT Applied Materials Inc. | 0.88% | 5,798 | $1.2M | Reduce -4.0% |
| CHT Chunghwa Telecom LT-Spon ADR | 0.87% | 30,113 | $1.2M | Add +3.8% |
| SAP Sap SE-Sponsored ADR | 0.77% | 5,355 | $1.0M | Add +1.6% |
| GOOG Alphabet Inc. Class C | 0.77% | 6,834 | $1.0M | Add +7.4% |
| TMO Thermo Fisher Scientific Inc. | 0.76% | 1,764 | $1.0M | Reduce -0.6% |
| AXP American Express Co. | 0.75% | 4,488 | $1.0M | Reduce -0.4% |
| LLY Eli Lilly & Co. | 0.73% | 1,275 | $992K | Reduce -0.3% |
| PG The Procter & Gamble Co. | 0.72% | 6,034 | $979K | Add +2.2% |
| V Visa Inc. Class A | 0.72% | 3,491 | $974K | Add +6.8% |
| ADBE Adobe Inc. | 0.66% | 1,766 | $891K | Add +2.9% |
| INTU Intuit Inc. | 0.63% | 1,305 | $848K | Reduce -1.5% |
| UNH Unitedhealth Group Inc. | 0.62% | 1,710 | $846K | Add +3.9% |
| UL Unilever PLC | 0.62% | 16,709 | $839K | Add +2.0% |
| ASML ASML Holding NV-NY Reg SHS | 0.60% | 836 | $812K | Reduce -6.7% |
| JNJ Johnson & Johnson | 0.60% | 5,112 | $809K | Reduce -0.6% |
| SUB iShares Short-Term National | 0.59% | 7,672 | $804K | Reduce -1.5% |
| TSLA Tesla Inc. | 0.57% | 4,396 | $773K | Add +4.5% |
| CSCO Cisco Systems Inc. | 0.57% | 15,470 | $772K | Reduce -0.6% |
| CB Chubb Ltd. | 0.54% | 2,848 | $738K | Reduce -3.2% |
| INTC Intel Corp. | 0.54% | 16,608 | $734K | Add +1.8% |
| MRK Merck & Co. Inc. | 0.53% | 5,498 | $725K | Reduce -2.6% |
| ABBV Abbvie Inc. | 0.52% | 3,894 | $709K | Reduce -0.6% |
| DHR Danaher Corp. | 0.52% | 2,810 | $702K | Add +1.7% |
| ADP Automatic Data Processing | 0.51% | 2,757 | $689K | Add +0.9% |
| TM Toyota Motor Corp. -Spon ADR | 0.50% | 2,685 | $676K | Reduce -7.9% |
| NOW ServiceNow Inc. | 0.48% | 862 | $657K | Reduce -1.9% |
| MDT Medtronic PLC | 0.48% | 7,460 | $650K | Add +3.5% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.48% | 638 | $649K | Add +3.9% |
| SYK Stryker Corp. | 0.48% | 1,810 | $648K | Add +0.1% |
| BKNG Booking Holdings Inc. | 0.48% | 178 | $647K | Add +7.2% |
| SHM SS SPDR N Ice St Muni ETF | 0.48% | 13,645 | $647K | Add +1.2% |
| ITW Illinois Tool Works | 0.47% | 2,378 | $638K | Add +2.5% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.46% | 4,899 | $629K | Reduce -14.3% |
| AVGO Broadcom Inc. | 0.46% | 473 | $627K | Add +14.0% |
| MUB iShares National Muni Bond E | 0.46% | 5,775 | $621K | Reduce -1.9% |
| ETN Eaton Corp. PLC | 0.44% | 1,924 | $602K | Reduce -4.6% |
| TD Toronto-Dominion Bank | 0.44% | 9,930 | $600K | Add +10.3% |
| NFLX Netflix Inc. | 0.44% | 983 | $597K | Add +2.9% |
| TAXF American Century Diver Muni | 0.44% | 11,807 | $597K | Add +7.9% |
| ADI Analog Devices Inc. | 0.44% | 3,008 | $595K | Add +1.7% |
| AWK American Water Works Co. Inc. | 0.44% | 4,863 | $594K | Add +1.0% |
| PLD Prologis Inc. | 0.44% | 4,553 | $593K | Add +5.4% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.44% | 11,402 | $590K | Add +6.2% |
| HD Home Depot Inc. | 0.42% | 1,471 | $564K | Reduce -2.8% |
| CRM Salesforce Inc. | 0.41% | 1,860 | $560K | Add +14.3% |
| PANW Palo Alto Networks Inc. | 0.41% | 1,957 | $556K | Reduce -23.4% |
| SNPS Synopsys Inc. | 0.41% | 962 | $550K | Reduce -8.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.40% | 2,859 | $546K | Reduce -3.0% |
| CI The Cigna Group | 0.40% | 1,489 | $541K | Reduce -13.3% |
| TGT Target Corp. | 0.40% | 3,050 | $541K | Reduce -3.5% |
| JPM JPMorgan Chase & Co. | 0.40% | 2,694 | $540K | Add +3.9% |
| AMT American Tower Corp. | 0.40% | 2,731 | $540K | Add +3.5% |
| O Realty Income Corp. | 0.39% | 9,828 | $532K | Add +2.1% |
| UPS United Parcel Service Class B | 0.39% | 3,539 | $526K | Reduce -1.4% |
| CTAS Cintas Corp. | 0.39% | 761 | $523K | Reduce -1.8% |
| ORCL Oracle Corp. | 0.38% | 4,143 | $520K | Add +0.7% |
| TT Trane Technologies PLC | 0.38% | 1,720 | $516K | Add +1.2% |
| PZA Invesco National Amt-Free Mu | 0.38% | 21,565 | $514K | Add +1.1% |
| LRCX Lam Research Corp. | 0.38% | 525 | $510K | Add +2.5% |
| TXN Texas Instruments Inc. | 0.37% | 2,906 | $506K | Add +3.2% |
| ABT Abbott Laboratories | 0.37% | 4,431 | $504K | Reduce -0.4% |
| SPGI S&P Global Inc. | 0.37% | 1,183 | $503K | Add +4.7% |
| ACN Accenture PLC Class A | 0.37% | 1,446 | $501K | Add +4.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.36% | 4,043 | $495K | Add +1.3% |
| ECL Ecolab Inc. | 0.36% | 2,127 | $491K | Reduce -3.5% |
| ELV Elevance Health Inc. | 0.35% | 927 | $480K | Add +3.1% |
| CP Canadian Pacific Kansas City | 0.35% | 5,361 | $473K | Add +4.1% |
| ADSK Autodesk Inc. | 0.35% | 1,802 | $469K | Add +2.8% |
| TRV The Travelers Cos Inc. | 0.35% | 2,038 | $469K | Reduce -6.2% |
| EQIX Equinix Inc. | 0.34% | 564 | $466K | Reduce -2.3% |
| SBUX Starbucks Corp. | 0.34% | 5,066 | $463K | Reduce -4.2% |
| CNI Canadian Natl Railway Co. | 0.34% | 3,510 | $462K | Add +5.0% |
| NVS Novartis AG-Sponsored ADR | 0.34% | 4,757 | $460K | Reduce -4.4% |
| MKC McCormick & Co.-Non VTG SHRS | 0.33% | 5,913 | $454K | Add +15.7% |
| KMB Kimberly-Clark Corp. | 0.33% | 3,501 | $453K | Add +6.3% |
| TFI SS SPDR N Ice Muni Bond ETF | 0.33% | 9,719 | $452K | Add +1.3% |
| AMD Advanced Micro Devices | 0.33% | 2,494 | $450K | Add +0.6% |
| MUNI PIMCO Intermediate Municipal | 0.33% | 8,453 | $444K | Reduce -2.1% |
| IBMM iShares Ibonds Dec 2024 Term | 0.33% | 16,990 | $441K | Reduce -1.7% |
| WM Waste Management Inc. | 0.32% | 2,049 | $437K | Reduce -1.1% |
| WDAY Workday Inc. Class A | 0.32% | 1,595 | $435K | Add +10.3% |
| CMCSA Comcast Corp. Class A | 0.32% | 9,992 | $433K | Add +5.7% |
| INVESTMENT MANAGERS SER TR I | 0.32% | 11,718 | $430K | Reduce -0.8% |
| LOW Lowe's Cos Inc. | 0.31% | 1,668 | $425K | Reduce -15.5% |
| ORANY Orange-Spon ADR | 0.31% | 36,083 | $425K | Add +8.4% |
Portfolio Sells Q4 2023 → Q1 2024
| DSI iShares ESG MSCI KLD 400 ETF | Reduce -16.8% | 3.02% | −0.53 |
| SPTS SS SPDR P St Term TSY ETF | Reduce -0.8% | 4.34% | −0.42 |
| PANW Palo Alto Networks Inc. | Reduce -23.4% | 0.41% | −0.19 |
| NYF iShares New York Muni Bond E | Sold out | 0.00% | −0.19 |
| HDB HDFC Bank Ltd.-ADR | Sold out | 0.00% | −0.17 |
| LW Lamb Weston Holdings Inc. | Sold out | 0.00% | −0.17 |
| MAR Marriott International Class A | Sold out | 0.00% | −0.16 |
| EMNT PIMCO Enhcd St M-Active ESG | Reduce -2.3% | 1.10% | −0.11 |
| NKE Nike Inc. Class B | Reduce -21.7% | 0.17% | −0.10 |
| TBX Proshares Short 7-10 YR TSY | Reduce -2.2% | 1.17% | −0.10 |
| PYPL PayPal Holdings Inc. | Reduce -34.0% | 0.19% | −0.10 |
| ZTS Zoetis Inc. | Reduce -7.6% | 0.22% | −0.08 |
| ANSS Ansys Inc. | Reduce -21.2% | 0.17% | −0.08 |
| AVB Avalonbay Communities Inc. | Reduce -24.7% | 0.15% | −0.07 |
| CGW Invesco S&P Global Water Ind | Reduce -0.7% | 1.59% | −0.07 |
| SBUX Starbucks Corp. | Reduce -4.2% | 0.34% | −0.06 |
| SUB iShares Short-Term National | Reduce -1.5% | 0.59% | −0.06 |
| UPS United Parcel Service Class B | Reduce -1.4% | 0.39% | −0.06 |
| NVS Novartis AG-Sponsored ADR | Reduce -4.4% | 0.34% | −0.06 |
| CSCO Cisco Systems Inc. | Reduce -0.6% | 0.57% | −0.06 |
| MCD McDonald's Corp. | Reduce -12.9% | 0.17% | −0.05 |
| MUB iShares National Muni Bond E | Reduce -1.9% | 0.46% | −0.05 |
| JNJ Johnson & Johnson | Reduce -0.6% | 0.60% | −0.05 |
| BOH Bank of Hawaii Corp. | Reduce -0.7% | 0.18% | −0.05 |
| ALV Autoliv Inc. | Reduce -14.0% | 0.28% | −0.04 |
| FSLR First Solar Inc. | Reduce -10.9% | 0.17% | −0.04 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -7.3% | 0.23% | −0.04 |
| HUDSON PAC PPTYS INC | Reduce -7.5% | 0.06% | −0.04 |
| LOW Lowe's Cos Inc. | Reduce -15.5% | 0.31% | −0.04 |
| MUNI PIMCO Intermediate Municipal | Reduce -2.1% | 0.33% | −0.04 |
| INTU Intuit Inc. | Reduce -1.5% | 0.63% | −0.04 |
| IBMO iShares Ibonds Dec 2026 Term | Reduce -2.4% | 0.30% | −0.03 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -6.1% | 0.23% | −0.03 |
| IBMM iShares Ibonds Dec 2024 Term | Reduce -1.7% | 0.33% | −0.03 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -6.1% | 0.21% | −0.03 |
| BMO Bank of Montreal | Reduce -0.3% | 0.28% | −0.03 |
| MS Morgan Stanley | Reduce -4.8% | 0.22% | −0.03 |
| EQIX Equinix Inc. | Reduce -2.3% | 0.34% | −0.03 |
| MDLZ Mondelez International Inc. Class A | Reduce -0.2% | 0.22% | −0.03 |
| PNR Pentair PLC | Reduce -19.0% | 0.19% | −0.03 |
| RY Royal Bank of Canada | Reduce -0.3% | 0.29% | −0.03 |
| SNPS Synopsys Inc. | Reduce -8.3% | 0.41% | −0.03 |
| SKM SK Telecom Co. Ltd.-Spon ADR | Reduce -4.2% | 0.17% | −0.02 |
| RYN Rayonier Inc. | Reduce -0.8% | 0.21% | −0.02 |
| GNMA iShares Gnma Bond ETF | Reduce -2.6% | 0.15% | −0.02 |
| ABT Abbott Laboratories | Reduce -0.4% | 0.37% | −0.02 |
| PEP Pepsico Inc. | Reduce -3.7% | 0.21% | −0.02 |
| HIMX Himax Technologies Inc.-ADR | Reduce -0.4% | 0.08% | −0.02 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -0.1% | 0.29% | −0.02 |
| TEL Te Connectivity Ltd. | Reduce -1.8% | 0.23% | −0.02 |
Portfolio Buys Q4 2023 → Q1 2024
| META Meta Platforms Inc. Class A | Add +2.4% | 0.99% | +0.23 |
| SHOP Shopify Inc. Class A | New | 0.18% | +0.18 |
| EBAY eBay Inc. | New | 0.18% | +0.18 |
| PH Parker Hannifin Corp. | New | 0.18% | +0.18 |
| HLT Hilton Worldwide Holdings Inc. | New | 0.17% | +0.17 |
| T AT&T Inc. | New | 0.17% | +0.17 |
| AMZN Amazon.com Inc. | Add +6.4% | 1.14% | +0.16 |
| PHM Pultegroup Inc. | New | 0.16% | +0.16 |
| TROW T Rowe Price Group Inc. | New | 0.16% | +0.16 |
| CSX CSX Corp. | New | 0.15% | +0.15 |
| KB KB Financial Group Inc.-ADR | New | 0.15% | +0.15 |
| TMUS T-Mobile US Inc. | New | 0.15% | +0.15 |
| SHG Shinhan Financial Group-ADR | New | 0.15% | +0.15 |
| CMG Chipotle Mexican Grill Inc. | New | 0.15% | +0.15 |
| KR Kroger Co. | New | 0.15% | +0.15 |
| GBDC Golub Capital BDC Inc. | New | 0.13% | +0.13 |
| SBS Cia Saneamento Basico DE-ADR | New | 0.13% | +0.13 |
| SAP Sap SE-Sponsored ADR | Add +1.6% | 0.77% | +0.12 |
| AVGO Broadcom Inc. | Add +14.0% | 0.46% | +0.09 |
| BRO Brown & Brown Inc. | Add +28.9% | 0.25% | +0.08 |
| DIS The Walt Disney Co. | Add +1.3% | 0.36% | +0.08 |
| GWW WW Grainger Inc. | Add +3.9% | 0.48% | +0.07 |
| CRM Salesforce Inc. | Add +14.3% | 0.41% | +0.07 |
| NFLX Netflix Inc. | Add +2.9% | 0.44% | +0.07 |
| VOD Vodafone Group PLC-SP ADR | New | 0.07% | +0.07 |
| MU Micron Technology Inc. | Add +4.7% | 0.26% | +0.06 |
| PGR Progressive Corp. | Add +4.4% | 0.29% | +0.06 |
| MRSH Marsh & McLennan Cos | Add +31.2% | 0.24% | +0.06 |
| LRCX Lam Research Corp. | Add +2.5% | 0.38% | +0.06 |
| MKC McCormick & Co.-Non VTG SHRS | Add +15.7% | 0.33% | +0.06 |
| GOOG Alphabet Inc. Class C | Add +7.4% | 0.77% | +0.05 |
| TT Trane Technologies PLC | Add +1.2% | 0.38% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +3.9% | 0.40% | +0.05 |
| SYK Stryker Corp. | Add +0.1% | 0.48% | +0.04 |
| MA Mastercard Inc. Class A | Add +0.6% | 0.96% | +0.04 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +8.9% | 0.21% | +0.04 |
| ISRG Intuitive Surgical Inc. | Add +7.8% | 0.29% | +0.04 |
| AMD Advanced Micro Devices | Add +0.6% | 0.33% | +0.04 |
| V Visa Inc. Class A | Add +6.8% | 0.72% | +0.04 |
| ORCL Oracle Corp. | Add +0.7% | 0.38% | +0.04 |
| ALL Allstate Corp. | Add +0.1% | 0.29% | +0.04 |
| CMI Cummins Inc. | Add +0.7% | 0.26% | +0.03 |
| PG The Procter & Gamble Co. | Add +2.2% | 0.72% | +0.03 |
| MUSA Murphy USA Inc. | Add +6.0% | 0.21% | +0.03 |
| SMFG Sumitomo Mitsui-Spons ADR | Add +9.4% | 0.15% | +0.03 |
| BMY Bristol-Myers Squibb Co. | Add +19.4% | 0.19% | +0.03 |
| CDNS Cadence Design SYS Inc. | Add +3.6% | 0.30% | +0.03 |
| CINF Cincinnati Financial Corp. | Add +0.0% | 0.26% | +0.03 |
| BSX Boston Scientific Corp. | Add +4.3% | 0.20% | +0.03 |
| CL Colgate-Palmolive Co. | Add +6.5% | 0.25% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q1 2026Amended | 325 | $257.7M | SHE, NVDA, SPTS, AAPL, VGIT |
| Q3 2025 | 296 | $212.5M | SHE, SPTS, NVDA, AAPL, MSFT |
| Q2 2025 | 279 | $194.5M | VGIT, JSTC, NVDA, SPTS, MSFT |
| Q1 2025 | 269 | $163.2M | VGIT, SPTS, AAPL, NVDA, MSFT |
| Q4 2024 | 269 | $173.3M | VGIT, DSI, AAPL, SPTS, NVDA |
| Q3 2024 | 284 | $182.7M | VGIT, DSI, AAPL, SPTS, MSFT |
| Q2 2024 | 261 | $144.1M | VGIT, SPTS, NVDA, AAPL, DSI |
| Q1 2024 | 254 | $135.7M | VGIT, SPTS, DSI, NVDA, AAPL |